Ethereum Target - $245-$250Ethereum is creating a nice ascending triangle that should play out nicely over the next few months. I look for a drop to the $125 area followed by a bounce up to $245-$250.
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Ethereum USD Short opportunity!Ethereum USD Short opportunity!
Together with BTC theire is a chance to see a little correction in Ethereum.
Ethereum ETHUSD | Significant price drop incoming?Ethereum could have a significant drop in price.
Can also be used as a longer term outlook. Thanks for reading
Ethereum approaching key support zone Ethereum has now entered the 7th consecutive bearish month. A series of the lower highs and lower lows has continued as the price action fails to move and close above the down slipping trend line. A couple of weeks ago the coin also pushed through the 127.2% Fibonacci support zone, and it is now approaching the key 161.8% Fibonacci support zone. Moreover, in the same zone also lies the 88.6% Fibonacci support. The zone between 0.0337 and 0.0348 will likely prove to be a big test for the bears. If another break is made then a long-term bearish picture awaits Ethereum. The next support lies in the multi-year low around 0.0233. However, we are looking at the other scenario as a more likely option. The above-mentioned support zone should provide enough cover for the bulls to have a bounce at least. Concretely, We are expecting a pause at the zone and a bounce to the trend line. If this is the case, place your stops below the support zone and look for the move towards the trend line in the coming weeks.
Ethereum Some bullish signs.Ethereum is forming a falling wedge. Falling wedges can take some time to breakout but are very bullish.
Ethereum Classic Breakout OpportunityEthereum Classic found the bottom at $12, which has been tested on the 10th of June. since then price started to rise slowly, producing higher highs and higher lows. The 50 Moving Average has been broken and currently ETC/USD is trading above it.
The uptrend trendline has been rejected forming minor support at $15.65. At the same time minor resistance is seen at $17.44, which has to be broken in order for the ETC to continue going higher.
Daily break and close above the $17.44 resistance should push price further up, towards the previous resistance level at $25.4, which is 38.2% Fibonacci retracement level.
But, daily break and close below the $15.65 might result in a continuation of the range trading, potentially sending price back down to the $12 support area.
ETHEREUM CLASSIC MOVING IN ASCENDING CHANNEL!Ethereum Classic moving in Ascending channel. Looking sweet to take in some long positions. I was about to post this last night, but got occupied in some important work. Since, then the price has appreciated by 6%.
The Risk/Reward ratio for this trade is: 4.61, it it manages to test the resistance line again.!
For those who don't know how to trade parallel channel, read on!
HOW TO TRADE ASCENDING CHANNEL:
1/ Support and Resistance: A long position can be opened when a stock's price reaches the ascending channel’s lower trendline and exit the trade when price nears the upper channel.
2/ A stop-loss order should be placed slightly below the lower trendline to prevent losses if the security’s price abruptly reverses. Traders who use this strategy should ensure there is enough distance between the pattern’s parallel lines to set an adequate risk/reward ratio.
3/ Breakouts: Traders could buy a stock when it’s price breaks above the upper channel line of an ascending channel.
4/ Breakdowns: Before traders take a short position when price breaks below the lower channel line of an ascending channel, they should look for other signs that show weakness in the pattern. Price failing to reach the upper trendline frequently is one such warning sign.
5/ For those who don't have any knowledge about support and resistance, refer to this:
(I can post the chart with in depth analysis using indicators if people need it, but as for now, this should suffice.)
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
Ethereum Classic VS Bitcoin CorrectionEthereum Classic found the bottom at btc 0.002, that has been reached on the 24th of July. Price then went up and today broke above the descending channel, which could be the first signal of an upcoming corrective wave up.
ETC/BTC might increase towards the strong resistance near btc 0.00245 area, which is 61.8% Fibonacci retracement level. At the same time this is the level of the ascending channel breakout and where previous support has been established.
On a downside, the consolidation is possible and even spike below the recent low. But only daily break and close could invalidate the correction upwards, while the downtrend is likely to continue at that stage.
Ethereum heading to 820 and eventually 1400 in long term#Ethereum $ETH at very important support levels.
It should bounce off @ 678 and then we ll target first 820 and then 970.
In 4h charts its bound to bounce off at ~678 levels and overall has formed an inverted head/shoulder pattern which could eventually take us above 1400.
Ethereum Fights Off BearsEthereum investors can breathe a sigh of relief: the asset did not embarrass them and survived the correction with dignity. Even if we see a second wave of price declines, the coin has formed a margin of safety which will allow it to stay inside the growth channel for some time. The markup that we placed earlier also remains in force.
The boundary of the ascending channel remains the most important support for Ethereum. If during continued correction it is broken through, the next support for buyers is at the 0.236 level of the Fibonacci grid and coincides with $630.
This is followed by the 0.382 value of the same grid and the price $575. Considering how well the asset is holding up, our third correctional targe of $535 becomes increasingly more illusory. As with Bitcoin, the growth scenario is currently limited by the previous high at the level of $710.
Ethereum Classic Bearish Gartley 113 Harmonic Pattern by BkGEthereum Classic Short: 14.6$ Stop:15.02$ T1:14.23$ T2:13.87$
Ethereum/Bitcoin 60% earning, shorter time period, aproximately Ethereum is very bulish, but opressed by Bitcoin, same as Siacoin and few more altcoin with almost the same extremely bullish structure.
I'm not very "convinced" in Bitcoin at this point, because there are strong fluctuation by BTC side which affect entire market, so alts can't grow (even those extremely bullish).
This seems like perfect opportunity for Ethereum to grow stronger, it shows very bullish momentum since January 13th while getting oppressed by Bitcoin.
Whenever going down (when getting opressed by Bitcoin drop), it makes few % retracement, instantly recoveres and trying to grow whenever Bitcoin seems "stable" (calm).
Ehereum seems extra stable, my personaly opinion judging by analysis is more than 60% growth comparing to Bitcoin.
It will grow as soon as Bitcoin tries to stabilize on certain price level (8.200-9.300) price level.
ethereum classic dump incoming ethereum classic subject to correction on 7 ... also huge resistance on price action line .. might be a good time to take some profit ... note all major events happen on UTC 18:00:00
Ethereum Classic ETC/BTC Ready to Run 300%+ Profits Ethereum Classic is coming out of a long consolidation period and is ready to start a new market cycle.
It has recently hit a double bottom (reversal) which is a bullish indicator and indicates a change in trend. The downward trend that has been taking place the last few months is ending. The first trough was 0.00141172 and the peak was 0.0031795 and the second trough was 0.00137853.
The volume is accumulating which is a good indicator that we are going to break through this second trough.
There is going to be strong resistance at 0.00320000. If we break this point the double bottom reversal will be complete and we will be well on our way to our targets.
There has been an upward cross on the MACD which is bullish and indicates we will have some upward momentum.
Buy in: 0.00230000 - 0.00280000
Stop-loss: 0.00210000
Targets:
1 - 0.00330000
2 - 0.0048800 (may be some resistance and pushback here, may want to take some profit and reload)
3 - 0.00571500
4 - 0.00686000
5 - 0.00835000 (another point that will see resistance, take profit)
6 - 0.00952600 (new high)
If the double bottom reversal is not broken at the point of 0.0032 this trade will not materialize yet. At that point you can decide to be patient or move capital elsewhere.
Happy Trading.
D
ETHEREUM TO BREAK ALL TIME HIGH?Ethereum is looking to break an all-time high if we can punch through the resistance that has been put in place from the previous high. We still have signals that the price can continue moving upwards (which is spoken about further in the MACD and RSI below). This tells us that there is a chance that the bulls will be able to break this price barrier and we could potentially see a $1,500 Ethereum. You should also take into account that the market has previously recovered from the all-time high and has already built momentum and consolidated before this trend that we are currently having.
MACD - MACD still has movement to go in the upward direction, if we take the correlation into account we should see a higher point on the MACD than the last 2, if the trend continues.
RSI - RSI is just fading into the overbought sections which still confirms it has space to continue the rising trend.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
Ethereum doing it is thing = Ethereum is the main coin behind majority of ICOs right now. On top of that majority blockchain applications are build on top of ethereum. Plus many of those projects doing really well.
You can trade this coin or buy and hold for long term.
We have two targets for now
Ethereum Classic (ETCUSD), the continuation of a downward trend Ethereum Classic (ETCUSD), the continuation of a downward trend.
Ethereum Classic Chart 23 December 2017Ethereum Classic for the day.
As we see, it was in a sideways pattern for some days/two weeks, between the yellow resistance and the red support. Even did break the yellow resistance earlier on the 18th, but due to Bitcoin it dropped out of it back again.
What do we see more? We see a bullish uptrend channel coming and therefore we have some resistance levels to break pretty soon.
First of all we’ll see the green and yellow resistance coming together. If we can break them both, we’ll be in the uptrend channel and we’ll be going back to the 320-340K sats end of this year/first week of next year.
Scenarios:
1 – Break both the green and yellow resistance, going to 260-275K Sats. In that case we’ll buy the breakout
2 – Break the green resistance, but can’t break the yellow one. In that case it will be a quick trade and I don’t recommend that.
3 – We can’t break both of these levels and fall out of the uptrend channel, back to 155K sats. Then we’ll buy the support to make a quick bounce.
I’m expecting number 1 to be happening.
Ethereum Classic Stands OutEthereum Classic is the only other Altcoin on this list besides BCH which has maintained its bull momentum, consistently testing the upper bound of the KRI. Long wicks on the candles do suggest some ambivalence, and the red triangle on the upper bound of the KRI marks a rejection pattern yesterday. But otherwise, the Kovach OBV is still strong, and the Kovach Chande has dipped indicating we may see further retracement. Additionally, we have not tested the central moving average of the KRI in some time, which seems to correspond with a nested Fibonacci Level of $30.90.
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Ethereum Classic longEthereum Classic is currently undergoing the end of it's double bottom, indicating a sharp upturn in is incoming. While RSI is testing out its support lines and the MACD is currently falling, this is expected during the end of a double bottom. Using Elliot's correction and impulse wave we can confirm that the first bottom was the beginning of an impulse wave, while the second bottom is illustrating the end of a a current ongoing correction wave. The fibonacci retracement analysis also indicates that both bottoms are in between the 1st (0.382) and 2nd (0.5) possible support zones from the current all-time high.
The analysis illuminates the end of a correction from the all time high, and a highly probable new all-time high starting with the end of the double bottom (which is a current correction from high). The horizontal descending triangle, even though the RSI bottoming and the momentum descending, further supports a sharp upturn will start and eventually pass current highs within the next 12 hours. Conclusion: Go long.
Ethereum levels to buy #ETH #Daily Ethereum. Briefly. We hit the Local Resistance level (1270) and the Weekly Candle Close Level (1277). Buying is interesting on growth from these levels after retesting on smaller timeframes (for example, 3-hour). Points of interest for increasing position = ~1450 and ~1680. If buyers aren't strong enough to go above 1277, bears will try to lower the price to 1073 and 881.
Ranges*:
Weekly = 881-2030.
3-day = 1073-1750.
* Weekly or 3-day means candlestick extremes (high/high and low/low) for the specified periods (i.e. weekly timeframe, weekly candlestick). This does not mean that we have been in a range for a week, it shows what TF I used when designating the range.
Enhanced RSI script for newbies is here .
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